| |
Outlook:
The spot rupee is expected to open in the range of 44.14-20 to a dollar.
Sentiment: Dull
|
| |
The spot rupee opened at 44.15 and closed at 44.19 to a dollar, triggered by inflows which were held up for a day owing to holiday on Tuesday.
The annualised premiums for six-month and one-year forward dollars closed at 3.54 and 3.15 per cent respectively. |
| |
| Money market |
| |
Sentiment: Bullish
With no hike in reverse repo rate, sentiment in the government securities market improved leading to a rally in prices.
The prices of papers across maturities moved up by 50 paise to Re 1.
The yield curve for government securities was flat with yields on the one-year to 10-year gilt ranging between 7.70 and 7.72 per cent.
The yield on the ten-year paper closed at 7.72 per cent.
Call rates closed at 7.75 per cent with the central bank infusing around Rs 14,000 crore.
The RBI accepted a total of Rs 1,700 crore in treasury bill auctions against a notified amount of Rs 4,000 crore . |
| |
|
| |
